XRP was unable to break $ 0.63 despite a divergence in the bullish move. It doesn’t seem like a difficult prospect for sellers to step in and take control of the XRP market. So Ripple investors should be prepared for the prospect of a decline. Similarly, ATOM could deliver to sellers even after trading at record highs yesterday.

 

 

Ripple (XRP) price analysis

XRP’s upward move was stopped at the strong resistance line of $ 0.63 even after the bullish bias formed on the RSI. This demonstrated the need for stronger faith to support a rising breakout in the market in the coming sessions. The MACD has shown a bearish trend, suggesting that market control may move to the sell side in the short term.

The bearish forecasts may signal the beginning of the bearish trend, especially if the bulls fail to hold the $ 0.45 support. However, the number of buyers is still considered an important force to counter any selling pressure in the upcoming sessions.

 

Cosmos (ATOM) price analysis

Cosmos, whose price has dropped by about 4% in the last 24 hours, is moving in the red zone at the time of this writing. The Awesome Oscillator showed that bearish momentum was surging and the bulls were in danger of losing the $ 19.7 support level.

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A positive result can only be expected if the buying pressure rises in the next few sessions and is also supported by OBV. The rise scenario may result in ATOM moving to an all-time high on the charts. If it drops below the current support mark, the next line of defense for ATOM is at $ 17.9.

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